Inter & Co Stock News

Inter & Co's ambitious 60/30/30 plan aims for 60 million customers, a 30% efficiency ratio, and a 30% ROE by 2027, driving significant growth. To achieve its ambitious goals, INTR needs to grow its customer base by 72%, credit portfolio by 163%, and net profit by 223% through 2027. Inter & Co has reduced its efficiency ratio from 75% to 50.7% in two years, demonstrating solid progress in cost m...

Inter & Co's 3Q24 results were released on November 14, surpassing revenue estimates but missing earnings per share projections. The company's performance highlights strong revenue growth, indicating robust business operations despite the earnings miss. The analysis suggests optimism, recommending a close watch on upcoming quarters for better clarity on earnings stability.

Inter & Co, Inc. (NASDAQ:INTR ) Q3 2024 Earnings Conference Call November 14, 2024 1:00 PM ET Company Participants Joao Vitor Menin - Global Chief Executive Officer Alexandre Riccio - Brazil Chief Executive Officer Santiago Stel - Senior Vice President & Chief Financial Officer Rafaela Vitoria - Chief Economist & IRO Conference Call Participants Tito Labarta - Goldman Sachs Ricardo Buchpiguel -...

MIAMI, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ: INTR | B3: INBR32), the leading financial super app providing financial and digital commerce services to over 34.9 million customers, today reported financial results for the third quarter of 2024.

Inter & Co's net income surged 248% YoY, achieving a 10.4% ROE, indicating a resilient business model combining growth and profitability. The company's valuation appears attractive compared to peers, with a P/B of 2x and strong growth potential, supporting my buy recommendation. Despite some risks, including slower net investment income growth, Inter & Co's promising results and potential secto...

Inter & Co, Inc. (NASDAQ:INTR ) Q2 2024 Earnings Conference Call August 7, 2024 1:00 PM ET Company Participants João Vitor Menin - CEO Alexandre Riccio - SVP, Retail Banking Santiago Stel - SVP, Finance & Risks Conference Call Participants Gustavo Schroden - Bradesco BBI Eduardo Rosman - BTG Yuri Fernandes - JPMorgan Tito Labarta - Goldman Sachs Pedro Leduc - Itau BBA Neha Agarwala - HSBC Mario...

BELO HORIZONTE, Brazil, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ: INTR | B3: INBR32), the leading financial super app providing financial and digital commerce services to over 33 million customers, today reported financial results for the second quarter of 2024.

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